Legal

Ask a lawyer and get answers to your legal questions

Ask a Lawyer,
Get an Answer ASAP!

My dad asked me if there was a way to put his cash assets…

Customer Question
Hi there - My...

Hi there - My dad asked me if there was a way to put his cash assets into a trust or anything like that which would prevent a nursing home from taking all of his money if he ever had to be in that type of environment

Lawyer's Assistant: Since estate law varies from place to place, can you tell me what state this is in?

He is in Colorado

Lawyer's Assistant: What documents or supporting evidence do you have?

Im not sure i understand your question.

Lawyer's Assistant: Anything else you want the lawyer to know before I connect you?

No, He wanted me to ask to see what his options are if he has any?

Submitted: 3 months ago.Category: Legal
Show More
Show Less
Ask Your Own Legal Question
Answered in 2 minutes by:
3/22/2018
Lawyer: Barrister, Attorney replied 3 months ago
Barrister
Barrister, Attorney
Category: Legal
Satisfied Customers: 42,156
Experience: 17 yrs practice, Civil, Criminal, Domestic, Realtor, Landlord 26 yrs
Verified

Hello and welcome! My name is ***** ***** I am a licensed attorney and will try my best to help with your situation. There may be a slight delay in my responses as I type out an answer or reply.

.

Yes, if placed all his assets into an irrevocable trust at least 5 years before he applied for Medicaid for long term care benefits, then he could entirely shield them from having to be spent down on his care..

.

But he has to get them out of his name at least 5 years and a day in order to protect them..

.

.

thanks

Barrister

Ask Your Own Legal Question
Lawyer: Barrister, Attorney replied 3 months ago

Hello again,

.

I just wanted to touch base with you and check in.

.

Did you have any further questions I can help with?

.

.

Thanks much

Barrister

Ask Your Own Legal Question
Was this answer helpful?

How JustAnswer works

step-image
Describe your issueThe assistant will guide you
step-image
Chat 1:1 with a lawyerLicensed Experts are available 24/7
step-image
100% satisfaction guaranteeGet all the answers you need
Ask Barrister Your Own Question
Barrister
Barrister
Barrister, Attorney
Category: Legal
Satisfied Customers: 42,156
42,156 Satisfied Customers
Experience: 17 yrs practice, Civil, Criminal, Domestic, Realtor, Landlord 26 yrs

Barrister is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises!

Gary B.Edmond, OK

My Expert was fast and seemed to have the answer to my taser question at the tips of her fingers. Communication was excellent. I left feeling confident in her answer.

EricRedwood City, CA

I am very pleased with JustAnswer as a place to go for divorce or criminal law knowledge and insight.

MichaelWichita, KS

PaulMJD helped me with questions I had regarding an urgent legal matter. His answers were excellent.

Three H.Houston, TX

Anne was extremely helpful. Her information put me in the right direction for action that kept me legal, possible saving me a ton of money in the future. Thank you again, Anne!!

ElaineAtlanta, GA

It worked great. I had the facts and I presented them to my ex-landlord and she folded and returned my deposit. The 50 bucks I spent with you solved my problem.

TonyApopka, FL

Not only did he answer my Michigan divorce question but was also able to help me out with it, too. I have since won my legal case on this matter and thank you so much for it.

LeeMichigan

< Previous | Next >

Meet the Experts:

Ely

Ely

Counselor at Law

24,657 satisfied customers

Private practice with focus on family, criminal, PI, consumer protection, and business consultation.

INFOLAWYER

INFOLAWYER

Attorney

22,408 satisfied customers

Licensed attorney helping individuals and businesses

JPEsq

JPEsq

Attorney

2,132 satisfied customers

Experience as general attorney, in house counsel, SSDI, Family Law attorney, and law professor

Law Educator, Esq.

Law Educator, Esq.

Attorney

44,066 satisfied customers

JA Mentor -Attorney Labor/employment, corporate, sports law, admiralty/maritime and civil rights law

Ellen

Ellen

Lawyer, Consultant

8,238 satisfied customers

25 years of experience helping people like you.

Guillermo Senmartin

Guillermo Senmartin

Lawyer

300 satisfied customers

Principal Attorney at Guillermo J. Senmartin, P.A.

Dimitry K., Esq.

Dimitry K., Esq.

Attorney

17,183 satisfied customers

Multiple jurisdictions, specialize in business/contract disputes, estate creation and administration.

< Previous | Next >

Related Legal Questions
Can a custodian for a minor open an irrevocable trust
Can a custodian for a minor open an irrevocable trust account for that minor in which the custodian and minor are both settlors and the custodian is the sole Trustee without the signature of the minor… read more
Robert L
Robert L
Juris Doctor
89 satisfied customers
Can an irrevocable trust own 100% if the common stock of an
Can an irrevocable trust own 100% if the common stock of an LLC with the Trustee of the trust and the President of the LLC the same person?… read more
Andrew
Andrew
Attorney
Juris Doctorate
360 satisfied customers
I have a irrevocable trust for my house and now I'm selling
I have a irrevocable trust for my house and now I'm selling it can i use the money I make to buy a condo which I found but won't be built for awhile? … read more
Legal Eagle
Legal Eagle
Attorney
Doctoral Degree
12,349 satisfied customers
Short version. AZ irrevocable trust. Mom went to an attorney
Short version. AZ irrevocable trust. Mom went to an attorney in 1992, and had attorney write up her trust. Years later, mom changed Trust. She did not go to an attorney. She made changes to beneficiar… read more
Legal Eagle
Legal Eagle
Attorney
Doctoral Degree
12,349 satisfied customers
As the beneficiary of an irrevocable trust, and husband, but
As the beneficiary of an irrevocable trust, and husband, but not the trustee, am I responsible for any expenses associated with the real property? … read more
Roy Hadavi
Roy Hadavi
Attorney
Juris Doctorate
1,225 satisfied customers
If I have a irrevocable trust and still alive can I change
If I have a irrevocable trust and still alive can I change the trustee my simply making the change and having it notarize … read more
Barrister
Barrister
Attorney
42,156 satisfied customers
We have an irrevocable trust that was set up for my children
We have an irrevocable trust that was set up for my children to be taken care of in the event of our death. My husband being our financial planner and also a registered insurance person we set this up… read more
Legal Eagle
Legal Eagle
Attorney
Doctoral Degree
12,349 satisfied customers
I need a form to oust the Trustee of an Irrevocable Trust.
I need a form to oust the Trustee of an Irrevocable Trust … read more
Barrister
Barrister
Attorney
42,156 satisfied customers
I am trustee of an irrevocable trust in Minnesota. I plan to
I am trustee of an irrevocable trust in Minnesota. I plan to resign as trustee and have the successor trustee assume the task. The trust documents are on file with a local attorney. Would it be best t… read more
Legal Eagle
Legal Eagle
Attorney
Doctoral Degree
12,349 satisfied customers
Tina. I'm the Trustee for a California irrevocable trust.
Hi Tina. I'm the Trustee for a California irrevocable trust. I'm having lots of trouble getting an account closed for a securities account. I've sent them everything they've asked for but the latest I… read more
Legal Eagle
Legal Eagle
Attorney
Doctoral Degree
12,349 satisfied customers
If all trustees agree, can an irrevocable trust be
If all trustees agree, can an irrevocable trust be terminated in the state of Washington? … read more
Legal Eagle
Legal Eagle
Attorney
Doctoral Degree
12,349 satisfied customers
Can someone set up an irrevocable trust using property
Can someone set up an irrevocable trust using property assets without their spouse's consent, even though the spouse's name is ***** ***** property? … read more
LegalGems
LegalGems
Juris Doctorate
12,313 satisfied customers
Is it to late to do an irrevocable trust if a judge ruled
is it to late to do an irrevocable trust if a judge ruled fraud on a on going probate case he ruled fraud on a 21380 a trust from 3 years ago 450,000 was already spent … read more
Ray
Ray
Lawyer
Doctoral Degree
33,059 satisfied customers
I am suing in calif a NY irrevocable trust (the trust) that
I am suing in calif a NY irrevocable trust (the trust) that aided and abetted one of three trustees who also was chairman of the board of a Nev. public company (the co) and who ran a "loan to own" sch… read more
LawGuy
LawGuy
Juris Doctor
123 satisfied customers
I am a co trustee with my sister in an irrevocable trust n
I am a co trustee with my sister in an irrevocable trust n Nevada. We are co trustees on our mother's home, who died in 2016. We are also beneficiaries of the trust. My sister does not want to agree t… read more
Ray
Ray
Lawyer
Doctoral Degree
33,059 satisfied customers
I am a trustee of a now irrevocable trust. The house is in
I am a trustee of a now irrevocable trust. The house is in escrow and title wants my personal information including my status to clear title. … read more
Ray
Ray
Lawyer
Doctoral Degree
33,059 satisfied customers
Loren, My mom passed in 2012 and had a irrevocable trust
Hi Loren, My mom passed in 2012 and had a irrevocable trust signed a year before her death (poor over will) on a property. She named me as executor of this and disinherited other siblings. Now I'm bei… read more
Law Educator, Esq.
Law Educator, Esq.
Attorney
Doctoral Degree
44,066 satisfied customers
We are trustees of an irrevocable trust. The only asset is a
We are trustees of an irrevocable trust. The only asset is a house that is now sold. There was no money in the trust. All expenses have been paid using my personal funds. The trust allows full reimbur… read more
Bill Attorney
Bill Attorney
law
2,457 satisfied customers

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

Show MoreShow Less

Ask Your Question

x